P&I Names OppenheimerFunds a Best Place to Work in Money Management

New York, December 10, 2018 – OppenheimerFunds, a leading asset manager, was named a Best Place to Work in Money Management for 2018 by Pensions & Investments. The annual program results are based on a two-part survey of both employees on their workplace experience, as well as firms’ policies, practices, philosophy, systems and demographics.

Art Steinmetz, Chairman and CEO of OppenheimerFunds commented in the publication’s December awards issue, “We all share responsibility in building our corporate culture and I am proud of the diverse and inclusive thinking that inspires us to do our best work every day.”

OppenheimerFunds’ corporate philanthropy and community initiatives include its 10,000 Kids by 2020 program, which aims to introduce 10,000 students to math literacy programs over the next several years through nonprofit partnerships and active employee volunteerism. In support of this effort, the firm recently announced a $1 million donation to the National Museum of Mathematics (MoMath). The firm also works closely with the Boys & Girls Club, MATHSWORLDUK and Cross-Cultural Solutions, which provides impactful and sustainable service opportunities and skills based volunteer programs. In addition, employees support a wide range of organizations and causes through the firm’s volunteer time-off program, local and global volunteer opportunities, and matching gift program. In recognition of OppenheimerFunds’ 60th year which begins in 2019, the firm will offer an enhanced match for all employee donations of up to $6,000 made to eligible 501(c)(3) nonprofits during January and February 2019.

“It is an honor to be recognized for the third year in a row as one of the best places to work in asset management,” said Andy Doyle, Chief Human Resources Officer at OppenheimerFunds. “Our firm’s success has been rooted in our employee talent and diverse, inclusive work environment, with a culture built on trust, accountability and giving back in the communities where we live and work.”

For a complete list of the 2018 Pensions & Investments’ Best Places to Work in Money Management winners, visit www.pionline.com/BPTW2018.

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About the Survey

Pensions & Investments partnered with Best Companies Group, an independent research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees.

The first part consisted of evaluating each nominated company's workplace policies, practices, philosophy, systems and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the top companies.

About OppenheimerFunds

OppenheimerFunds, Inc., a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $229 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of November 30, 2018.

Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm’s 16 investment management teams specialize in equity, fixed income, alternative, multi-asset, and factor and revenue-weighted-ETF strategies, including ESG as a signatory of the UN PRI. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from pensions and endowments to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. The firm is also active through its Philanthropy & Community initiative: 10,000 Kids by 2020, reaching children with introductions to math literacy programs.

Pensions & Investments, owned by Crain Communications Inc., is the 45-year-old global news source of money management. P&I is written for executives at defined benefit and defined contribution retirement plans, endowments, foundations and sovereign wealth funds, as well as those at investment management and other investment-related firms. Pensions & Investments provides timely and incisive coverage of events affecting the money management and retirement businesses. Visit us at www.pionline.com

This material is provided for general and educational purposes only, is not intended to provide legal or tax advice, and is not for use to avoid penalties that may be imposed under U.S. federal tax laws. OppenheimerFunds is not undertaking to provide impartial investment advice or to provide advice in a fiduciary capacity. Contact your attorney or other advisor regarding your specific legal, investment or tax situation.

OFI Global Asset Management (“OFI Global”) consists of OppenheimerFunds, Inc. and certain of its advisory subsidiaries, including OFI Global Asset Management, Inc., OFI Global Institutional Inc., OFI SteelPath Inc., OFI Global Trust Company, SNW Asset Management, LLC and OFI Advisors, LLC. The firm offers a full range of investment solutions across equity, fixed income and alternative asset classes. The views herein represent the opinions of OFI Global and are subject to change based on subsequent developments. They are not intended as investment advice or to predict or depict the performance of any investment. The material contained herein is not intended to provide, and should not be relied on for, investment, accounting, legal or tax advice. Further, this material does not constitute a recommendation to buy, sell, or hold any security. No offer or solicitation for the sale of any security or financial instrument is made hereby.

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